Why do you need an Accountant?
If you are currently playing tax through PAYE (Pay As You Earn) it is unlikely that you will need the services of a tax advisor. However, if you earn income from more than source – such as investments and savings, property rental income – or if you are self-employed or a director of a company you will most likely need to complete a tax return. You will need to fill out a tax return if you are paying Capital Gains Tax or if you have earned a proportion of your income overseas.
You may find it worthwhile to hire an accountant to undertake this work as it will not only take a weight off you mind but may also stop other problems appearing in the future.
What will your accountant do?
You accountant will collect together your documents – wage slips, bank statements, dividend statements etc – and calculate how much your should be paying HMRC, compiling the forms you need to send in and can even complete all this work for you online.
What should your accountant charge?
Most accountants will work on a fixed fee basis and provide a quote in advance based on the number of hours they expect to spend on your accountants.
Any questions?
Check out the FAQ at the bottom of the page, or email us on quote@accountantsuk.org